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North Carolina Creates Solvency Fund to Pay Down Unfunded Employee Benefit Liabilities
Pensions & Investments 
June 26, 2018 "The Unfunded Liability Solvency Reserve Act creates a reserve that will be funded through several sources, including General Assembly appropriations, overflows from the state's rainy day fund, or savings from refinancing of general obligation bonds. Between pension and health care, the state has $50 billion in unfunded liabilities, $35 billion in health care alone. The solvency fund is believed to be the only one of its kind in the nation[.]" MORE >> |
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